September has historically been a month when stocks rose only if they had fallen in the preceding months, but this does not mean this month should be the same, as conditions now are very different, two market analysts told CNBC Tuesday.
"What we think is that most fund managers or at least part of them have missed the rally," Christian Blaabjerg, equity strategist at Saxo Bank, told "Worldwide Exchange".
Combined with the record low interest rates and stimulus money across the world, this can keep the market consolidation going, Blaabjerg added.
The US economy is under the influence of an "enormous monetary and fiscal stimulus," and it is possible that stocks will continue to rise on the back of improved hopes for recovery, Michael Ivanovitch, president at MSI Global, told CNBC.
"I'm glad I am out of New York for this September superstition," Ivanovitch said.